Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0477%/8h= −52.3% APRnext payment $0.60 per $10,000 · paid last 24h −0.074%
Price spread now: Deribit against Aevo−0.038%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XPL-PERP0.096210.0104pay 0.0013% / 1h56m 44s$29K$18K3x
ShortDeribit XPL_USDC-PERPETUAL0.09617−0.0373pay 0.0047% / 1h56m 44s$46K$18K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$100.27
Price spread: −0.038% → 0.000%
−$3.85
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$127.12
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Deribit no order-book sample
Aevo and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack XPL_USDC_PERP−0.0886%1h0.09620−0.007%$178K$242K10xas long as short
01 Exchange XPLUSD−0.0408%1h0.09671+0.523%$562$7085xas long as short
Deribit XPL_USDC-PERPETUALshort−0.0373%1h0.09617−0.038%$46K$18K25x
GMX XPL/USD [WBTC.b-USDC]L −0.0211% / S +0.0571%1h0.09627+0.060%$111K100xas long as short
Lighter XPL−0.0080%1h0.09670+0.512%$4.4M$4.2M10xas long as short
Orderly PERP_XPL_USDC−0.0001%4h0.09623+0.024%$29K$335K10xas long as short
dYdX XPL-USD0.0000%1h0.09674+0.558%$8K5xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.310%as long as short
gTrade (Gains Network) XPL/USDL +0.0005% / S −0.0003%1h0.09626+0.054%$59K150xas long as short
OKX XPL-USDT-SWAP+0.0035%4h0.09675+0.564%$8.3M$53.3M50xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XPL-USD-PERP+0.0043%8h0.09683+0.643%$13K$2K5xas long as short
Nado XPL-PERP+0.0100%1h0.09620−0.007%$1.2M$2.8M10xas long as short
Hyperliquid XPL+0.0100%1h0.09674+0.554%$61.4M$47.6M10xas long as short
Aster XPLUSDT+0.0100%4h0.09647+0.275%$246K$499K20xas long as short
Pacifica XPL+0.0100%1h0.09673+0.548%$220K$47K10xas long as short
Binance XPLUSDT+0.0100%4h0.09678+0.595%$43.9M$107.8M75xas long as short
Bybit XPLUSDT+0.0100%4h0.09672+0.533%$46.5M$55.7M75xas long as short
Gate XPL_USDT+0.0100%4h0.09676+0.575%$3.0M$3.7M75xas long as short
MEXC XPL_USDT+0.0100%4h0.09677+0.585%$12.6M$7.8M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09653+0.336%$2.3M$1.5M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09682+0.637%$8.6M$11.1M75xas long as short
BingX XPL-USDT+0.0100%4h0.09674+0.554%$7.9Mas long as short
Variational Omni XPL+0.0100%4h0.09670+0.510%$1.7M$1.8Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09656+0.368%$259K$900K10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09670+0.512%$25K$83K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09628+0.075%$131K$2.6M10xas long as short
SunX XPL-USDT+0.0100%4h0.09600−0.215%$2K$1.9M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09610−0.111%$195$11K10xas long as short
HTX XPL-USDT+0.0100%4h0.09620−0.007%$143K$250K20xas long as short
Bulk XPL-USD+0.0100%1h0.09660+0.408%$141K$7K10xas long as short
Extended XPL-USD+0.0104%1h0.09674+0.556%$651K$1.1M25xas long as short
Aevo XPL-PERPlong+0.0104%1h0.09621long leg$29K$18K3x
Phoenix XPL+0.0328%1h0.09667+0.481%$196K$620K10xas long as short
Coinbase International XPL-PERP-INTX+0.0672%1h0.09766+1.510%$78K$94K50xas long as short
Kraken Futures PF_XPLUSD+0.3559%1h0.09659+0.394%$548K$1.0M10xas long as short